Indiabulls Venture in limelight

about 3 months ago
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Indiabulls Venture is in the limelight post its good Q3FY19 performance. The stock price rose 6.5% to Rs.412 and volumes showed a jump of almost 3 times.

The company posted a 122% (YoY) rise in net profit at Rs.1.20 on a 110% increase in revenue at Rs.5.67 crore.

Its Gross NPA stood at 0.32% and Net NPA was at 0.08% which is very healthy.

In Q3 FY19, loans worth Rs. 2.69 billion were sold down. Rs.1.28 billion pool of unsecured SME loans were rated AAA by CRISIL for the sell down. These were the first sell down transactions done by the company and include unsecured pools.

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